While Zymeworks BC Inc has underperformed by -1.61%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZYME rose by 97.25%, with highs and lows ranging from $13.27 to $6.01, whereas the simple moving average jumped by 18.45% in the last 200 days.
On March 21, 2023, Wells Fargo started tracking Zymeworks BC Inc (NASDAQ: ZYME) recommending Overweight. A report published by H.C. Wainwright on January 04, 2023, Reiterated its previous ‘Neutral’ rating for ZYME. Jefferies also Upgraded ZYME shares as ‘Buy’, setting a target price of $11 on the company’s shares in a report dated December 20, 2022. H.C. Wainwright November 01, 2022d the rating to Neutral on November 01, 2022, and set its price target from $40 to $8. SVB Leerink October 21, 2022d its ‘Outperform’ rating to ‘Mkt Perform’ for ZYME, as published in its report on October 21, 2022. Wells Fargo’s report from October 04, 2022 suggests a price prediction of $9 for ZYME shares, giving the stock a ‘Overweight’ rating. Guggenheim also rated the stock as ‘Buy’.
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Analysis of Zymeworks BC Inc (ZYME)
Further, the quarter-over-quarter increase in sales is 174.82%, showing a positive trend in the upcoming months.
One of the most important indicators of Zymeworks BC Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -26.32% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 7.01, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ZYME is recording 731.60K average volume. On a monthly basis, the volatility of the stock is set at 3.50%, whereas on a weekly basis, it is put at 3.26%, with a loss of -2.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.00, showing growth from the present price of $12.19, which can serve as yet another indication of whether ZYME is worth investing in or should be passed over.
How Do You Analyze Zymeworks BC Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZYME shares are owned by institutional investors to the tune of 96.36% at present.
